Ha, ha, all those stupid, rubes on FR who predicted that there is no way the Feds can raise rates...
The Fed is boxed in and apparently only the stupid Conservatives had any inkling.
Very worrisome! But I'm sure Obama and Jarrett are quite pleased right now.
I laughed when the Atlanta Fed Chairman said they were poised to raise rates. No way. They are like a hamster on a wheel. No way off. They have no exit strategy.
On the March 11, 2008, episode of Cramer’s show Mad Money, a viewer named Peter submitted the question “Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?”
Cramer responded “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”[52][53]
On March 14, 2008, Bear Stearns stock fell 92% on news of a Fed bailout and $2/share takeover by JPMorgan.[54]
https://en.wikipedia.org/wiki/Jim_Cramer#Cramer.27s_responses_to_criticism
Seems the only way out of the entire global cluster is a war. One really big one.. JMHO.
“I do find it helpful to figure out what would reverse that ineluctable sense of retreat so if I spotted it...I would know that the overwhelming propensity for a declining session isn’t as written in stone as we thought,”